6 Key Events in July That Could Shake the Crypto Market

Key Points

1. Grayscale’s multi-asset ETF approval includes Bitcoin, Ethereum, XRP, Solana, and Cardano, potentially paving the way for more altcoin ETFs and institutional investment.

2. Echo Protocol (ECHO) was added to Binance Alpha, offering an airdrop and new use cases for Bitcoin across blockchain networks.

3. Ethena (ENA) unlocked $11 million worth of tokens, which could impact its price due to increased supply.

4. U.S. jobs data on July 3, including nonfarm payrolls and unemployment rates, could influence crypto market trends based on Federal Reserve policy expectations.

5. Binance will delist five tokens (ALPHA, BSW, KMD, LEVER, LTO) on July 4, affecting trading and withdrawals for these assets.

6. The SEC is reviewing a standalone Cardano (ADA) ETF proposal, with a decision expected in mid-July, following Grayscale’s multi-asset ETF approval.

7. VanEck and Franklin Templeton face deadlines for Avalanche (AVAX), Solana (SOL), and XRP ETF applications by late July, potentially expanding altcoin ETF adoption.

8. Upcoming U.S. inflation and producer price index data in mid-July may affect crypto markets by altering interest rate expectations.

9. Large token unlocks in July, including $465 million for Trump coin ($TRUMP) and $51 million for ZRO, could pressure altcoin markets if demand doesn’t absorb the supply.